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Lowara wanted to guarantee traceability of data, activities, and approval processes and ensure compliance with international regulations, especially Sarbanes-Oxley requirements. The challenge was to increase the sales network's involvement in setting revenue goals and apply a single reporting and consolidation process to different companies serving various markets. Lowara worked with IConsulting to implement a system based on Oracle's Hyperion Financial Management to support and integrate the entire data collection cycle for Web sales, budget preparation, various forecasts, and strategic three-year plans as well as rationalized, accelerated, and optimized management processes and hierarchical approval monitoring.
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